Master of Business Administration - Ethical and Governance Related Advantages - Lesotho Electricity Company (LEC) - Business Assignment Help

Assignment Task:

Assignment scenario: 
 
For all but the last question in this assignment, assume that you are consulting to a government body in Lesotho. This (imagined) body has been formed for a special mission: to lift ethics and governance standards across a range of state-owned enterprises and state-backed development initiatives. Your chief contact person, Ms L, knowing that you have just undertaken an intensive course in ethics and governance, has requested your ideas on the issues raised in the questions

QUESTION 1  
  
1.1 Firstly, Ms L has requested a big-picture perspective on governance regimes. For this part of your response to her, provide a critical overview of the difference between reactive and proactive concepts of governance, and present the pros and cons of each in relation to Lesotho’s legal, institutional and economic environments. 
 
1.2 “It is accepted that while fully compliant and duly audited financial statements are critical, they are insufficient to discharge the duty of accountability.” 
  
Ms L has asked you to review the Annual Report 2016-2017 of the Lesotho Electricity Company (LEC) from the perspective of a corporate governance expert. Suggest, respectfully, which legal requirements and or features of best practice are absent from the report, and what actions could be taken to rectify these absences (including action to radically adjust or develop the real-world structures of the LEC). 

QUESTION 2  
 
2.1 Ms L has also asked you to provide an ethicist’s overview of recent developments concerning the Lesotho Highlands Water Project (LHWP) and Polihali Dam. For a properly informed overview, you will need to explore these items at minimum: 
 
• Action Contre la Faim (ACF) 
• Matthews
• Ntaote
• Pottinger 
• Public Eye
 
2.2 Following from your answer to question 2.1 above, use the concept of the triple bottom line as a basis for reviewing the impact of the Lesotho Highlands Water Project (LHWP) and Polihali Dam. Title this part of your review “The LHWP and Polihali Dam: Perspectives and solutions from the triple bottom line”. Structure and compose your review in a way that speaks to this title. 
 
QUESTION 3   
3.1 An entrepreneurial acquaintance has invited you to serve on the board of his newest company, Fearless Flyfishing, a travel operator that takes international guests to fishing locations in remote parts of Africa. Trout fishing in Lesotho’s highlands is proving to be one of the company’s most popular offerings. You have noticed, however, that the company has no formal mission statement, vision or values. 
 
3.2 Write a memo to your acquaintance in which you explain the ethical and governance-related advantages of subscribing to a mission statement, vision and values. (Tip: You may find it helpful to keep in mind the separate legal personality of companies.) 
 
3.3 Drawing on your knowledge of socioeconomic conditions in Lesotho and other remote parts of Africa, include suggestions for vision and value statements that would speak to the concept of the triple bottom line, and or to any other ethical frameworks you have derived from the course.

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